Parallel Advisors LLC lessened its stake in iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR – Free Report) by 86.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,306 shares of the company’s stock after selling 228,560 shares during the quarter. Parallel Advisors LLC owned approximately 0.34% of iShares iBonds Dec 2029 Term Muni Bond ETF worth $848,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Sterling Investment Advisors Ltd. bought a new position in iShares iBonds Dec 2029 Term Muni Bond ETF during the second quarter valued at $704,000. Roble Belko & Company Inc purchased a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF in the second quarter worth $1,771,000. Confluence Investment Management LLC purchased a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF in the third quarter worth $2,154,000. United Community Bank purchased a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF in the second quarter worth $38,000. Finally, Hughes Financial Services LLC increased its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 384.0% in the third quarter. Hughes Financial Services LLC now owns 3,485 shares of the company’s stock worth $88,000 after buying an additional 2,765 shares during the last quarter.
iShares iBonds Dec 2029 Term Muni Bond ETF Stock Performance
Shares of IBMR opened at $25.20 on Thursday. The stock’s fifty day moving average price is $24.99 and its two-hundred day moving average price is $25.29. iShares iBonds Dec 2029 Term Muni Bond ETF has a 1 year low of $24.60 and a 1 year high of $25.77.
About iShares iBonds Dec 2029 Term Muni Bond ETF
The iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks the investment results of an investment-grade U.S. municipal bonds index expected to mature or be redeemed before mid-December 2029. IBMR was launched on May 9, 2023 and is managed by BlackRock.
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